Archived articles
Although the content of the article(s) archived were correct at the time of writing, the accuracy of the information should not be relied upon, as it may have been subject to subsequent tax, legislative or event changes.
How much can I sell by business for?
As a business owner, one of the most challenging parts of your career is when it comes to moving away from your business. You’ve worked hard, so it’s important you exit* your company in the right way.
If you’ve built up your own business but feel you have reached a point in your life where it is time to move on, it’s important to ensure you have a plan in mind for what’s next. For most business owners, we recommend planning five years ahead in terms of your exit strategy.
The key consideration of course being: What is your business worth now, and what will it be worth when you sell?
We feel “as much as I can get” is not good enough. Wouldn’t it be better to know exactly what the minimum sale price needs to be? By working out how much you need for the lifestyle you want, we can calculate your “walk away” figure.
Once you have that walk away figure, we can provide you with a simple, free snapshot of what your business looks like to a potential buyer now. We can also ensure you’re not giving away unnecessary funds to HMRC in the process.
*Exit Strategies may include the referral to a service that is separate and distinct to those offered by St. James's Place.
By Gregor Watt
Managing Director and Chartered Financial Planner
HJP Chartered Financial Planners
To find out more about Greg, click here
For more information, take a look at our Business Owner Advice Service
Accreditation
